اخبار محلية Is the Yemeni blockade on Saudi Arabia extending to strike the American economy?

اليكم الان Is the Yemeni blockade on Saudi Arabia extending to strike the American economy? والان إلى التفاصيل من المصدر الخبر اليمني

Exclusive Follow-ups – Al-Khabar Al-Yemeni:The US is facing an unprecedented economic crisis, combining the depletion of its war with Iran and the repercussions of Yemen’s blockade on Saudi navigation, which have shaken the petrodollar and Asian bond duality, threatening the dismantling of the foundations of the financial system on which the dollar’s hegemony has been built for decades.It is worth noting that America’s financial strength depends on two main pillars: first, the petrodollar system based on the flow of Gulf oil in dollars, which has suffered a severe blow after US imports of Saudi oil fell to zero for the first time since 1985, with the continued closure of the Strait of Hormuz and Sana’a’s imposition of a naval blockade on Saudi navigation, leading to the contraction of the Saudi economy and a decline in oil loadings from Yanbu port. The second pillar is American bonds purchased by Asia, and the existential threat looming over Washington as both Japan and China begin to abandon the dollar as a safe haven.Japan, which has investments in the US market worth about $1.2 trillion, is facing a severe crisis due to the halt of 95% of its oil imports from the Gulf as a result of the closure of the Strait of Hormuz, leading to a decline in the yen’s value, rising inflation, and insurance company losses amounting to $98 billion in June.Economic analysts believe that Tokyo may be forced to save its economy by taking actions that were considered American red lines, such as stopping the purchase of US bonds, withdrawing its investments from Washington in favor of the Japanese or Asian market, or shifting to buying gold as an alternative safe haven instead of the dollar. This could be considered the largest Japanese blow to the dollar in history, coming at a time when global markets see Japan’s shift away from US bonds as a financial earthquake threatening the stability of the global economy.The Trump administration is trying to contain the catastrophe through a temporary purchase of yen worth $10 billion to stop the currency’s collapse. However, this measure remains a temporary palliative that does not address the root cause of the crisis.Regarding China, which holds about $650 billion in US bonds, it has been pursuing a systematic policy of abandoning the dollar since 2013. It has withdrawn more than half of its wealth from US bonds and converted it into gold. It also purchased 25 tons of gold last month, at an accelerating rate, meaning that its bond wealth could fall to $300 billion within two or three years, a shift that reinforces the trend for other countries to do the same, especially after the scandal of freezing Russian assets ($300 billion) due to the Ukraine war, which reinforced doubts about the reliability of Western markets as a safe haven.Observers and analysts believe that the continued war with Iran, along with the Yemeni blockade, places Washington before a difficult equation: either retreat from its aggressive policies or face a financial collapse that may be the largest in its history.

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